Isuzu 2002 Annual Report Download - page 22

ISUZU MOTORS LIMITED ANNUAL REPORT 2002
20
Consolidated Statements of Cash Flows
For the years ended March 31, 2002, 2001 and 2000
Thousands of
Millions of Yen U.S. Dollars
2002 2001 2000 2002
Cash Flows from Operating Activities
Loss before income taxes and minority interests . . . . . ¥28,506 ¥73,300 ¥ 150,937 $213,935
Depreciation and amortization . . . . . . . . . . . . . . . . . 73,629 104,886 93,471 552,566
Equity in losses of unconsolidated
subsidiaries and affiliates . . . . . . . . . . . . . . . . . . . . . 2,211 1,149 900 16,598
Loss on revaluation of investments . . . . . . . . . . . . . 15,209 14,460 4,053 114,143
Provision for retirement benefits, less payments . . (4,725) (10,329) 93,161 (35,461)
Provision for allowance for product warranty . . . . . . (1,564) (964) 3,528 (11,737)
Provision for allowance for bonus . . . . . . . . . . . . . . (2,748) (2,520) (1,324) (20,624)
Provision for allowance for doubtful assets . . . . . . . 1,842 468 (2,754) 13,824
Interest and dividend income . . . . . . . . . . . . . . . . . . (4,146) (5,440) (4,902) (31,114)
Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21,848 23,522 21,924 163,964
Gain on disposal of property assets . . . . . . . . . . . . . (10,731) (10,721) (35,659) (80,540)
Loss on disposal of property assets . . . . . . . . . . . . . 8,122 8,360 8,562 60,958
Gain on sales of securities . . . . . . . . . . . . . . . . . . . . . (5,943) (973) (5,498) (44,602)
Decrease (Increase) in receivables . . . . . . . . . . . . . . 35,113 (13,902) 28,429 263,518
Decrease (Increase) in inventories . . . . . . . . . . . . . . 56,643 18,200 12,322 425,088
Decrease (Increase) in other current assets . . . . . . . 6,787 (12,102) (8,739) 50,939
Increase (Decrease) in notes and accounts payable . . (29,065) (34,823) 53,496 (218,125)
Increase (Decrease) in accrued expenses and taxes . . (25,811) 7,797 2,826 (193,708)
Increase (Decrease) in deposits received . . . . . . . . . . (15,611) 7,395 (1,419) (117,162)
Increase (Decrease) in other liabilities . . . . . . . . . . . (5,208) 32,048 (14,582) (39,090)
Others . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (8,717) (1,469) (16,281) (65,421)
Cash received for interest and dividends . . . . . . . . . 6,382 4,834 8,386 47,894
Cash paid for interest . . . . . . . . . . . . . . . . . . . . . . . . . (22,337) (23,555) (22,414) (167,637)
Cash paid for income taxes . . . . . . . . . . . . . . . . . . . . (7,492) (2,025) (1,607) (56,230)
Net Cash Provided by Operating Activities . . . . . . . 55,179 30,995 64,942 414,105
Cash Flows from Investing Activities
Proceeds from sales of securities . . . . . . . . . . . . . . . . . (2,450) (1,955) (21,654) (18,393)
Payments for purchase of securities . . . . . . . . . . . . . . . 11,738 3,788 16,817 88,094
Payments for property, plant and equipment . . . . . . . (30,215) (26,180) (42,340) (226,756)
Payments for leased property, plant and equipment . . (37,395) (73,105) (68,269) (280,643)
Proceeds from sales of property,
plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . 64,271 17,831 58,810 482,334
Payments for long-term loans receivable . . . . . . . . . . . (22,919) (3,500) (5,350) (172,000)
Collection of long-term loans receivable . . . . . . . . . . . 3,820 6,014 11,134 28,671
Increase (Decrease) in short-term loans receivable . . . 10,563 9,469 11,217 79,275
Increase (Decrease) in finance receivable of
overseas subsidiary . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,129 (35,527) – 106,035
Others . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5,258) (4,619) (9,134) (39,463)
Net Cash Provided by (Used in) Investing Activities . . . . 6,283 (107,785) (48,771) 47,153
Cash Flows from Financing Activities
Increase (Decrease) in short-term debt . . . . . . . . . . . . . (11,944) 36,002 (2,094) (89,639)
Proceeds from commercial paper . . . . . . . . . . . . . . . . . 24,200 135,000 85,000 181,613
Payments of commercial paper . . . . . . . . . . . . . . . . . . . (74,200) (100,000) (75,600) (556,848)
Proceeds from long- term debt . . . . . . . . . . . . . . . . . . . 76,753 121,110 196,352 576,009
Payments of long-term debt . . . . . . . . . . . . . . . . . . . . . (92,953) (116,657) (229,058) (697,583)
Payments (Issuance) of bonds . . . . . . . . . . . . . . . . . . . . (31,739) (32,500) 30,000 (238,191)
Others . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (13,647) 9,833 1 (102,418)
Net Cash Provided by (Used in)
Financing Activities . . . . . . . . . . . . . . . . . . . . . . . . . . (123,530) 52,788 4,600 (927,058)
Effect of Exchange Rate Changes on Cash and
Cash Equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,649 2,489 (3,948) 19,886
Net Increase (Decrease) in Cash and Cash Equivalents . . (59,418) (21,512) 16,822 (445,914)
Cash and Cash Equivalents at Beginning of the Year . . . . 137,363 157,584 131,827 1,030,869
Increase (Decrease) in Cash and
Cash Equivalents From the Addition or
Exclusion of Consolidated Companies . . . . . . . . . . . . . . (5,660) 1,291 8,934 (42,479)
Cash and Cash Equivalents at End of the Year . . . . . . . . ¥72,284 ¥ 137,363 ¥ 157,584 $542,475
See accompanying notes to consolidated financial statements.